The Hawthorne Acquired by Alliance Residential | Real Estate Services M&A Deal

Alliance Residential has completed the acquisition of The Hawthorne, a real estate services other business in California, for $65M. Alliance Residential acquisitions focus on multifamily real estate operations, with The Hawthorne positioned as a garden-style riverside apartment community in CA. The Hawthorne acquisition supports Alliance Residential’s add on acquisition strategy and expands its California apartment portfolio through real estate services M&A. The deal is a closed add on acquisition with a $50M–$100M size range, executed as a private equity acquisition by a PE-backed buyer.